Why Collective Cure NEEDS a funding platform?

By offering a crowdfunding fundraising platform devoted to medical research, our members can:

• collaborate quickly
• downers and funders can fund credible projects
• furthermore, improve the probability of finding solutions to today’s toughest medical problems.
• plus help get some great medical research projects off the ground.

What is Crowd Funding?

Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet.^[1][2]Crowdfunding is a form of crowdsourcing and alternative finance. Read more @ Wikipedia

What IS A crowdfunding platforms?

A crowdfunding platform facilitates access to small amounts of capital from a large number of individuals to finance a new business venture. Crowdfunding makes use of the easy accessibility of vast networks of people through social media and crowdfunding websites to bring investors and entrepreneurs together, with the potential to increase entrepreneurship by expanding the pool of investors beyond the traditional circle of owners, relatives, and venture capitalists.

Crowdfunding FAQ?

Do You Pay Back Crowdfunding?

For crowdfunding that operates on a donation basis, the company does not need to pay back investors. However many companies offer incentives for early backers such as an advance copy of the product.

Is Crowdfunding Legal in Australia?

Yes. In 2017, the Australian government amended the 2001 Corporations Act to provide a legislative framework for crowd-sourced funding. Read more @ ASIC

What is Donation base Crowdfunding?

Donation-based crowdfunding is a way to source money for a project by asking a large number of contributors to individually donate a small amount to it. In return, the backers may receive token rewards that increase in prestige as the size of the donation increases. For the smallest sums, however, the funder may receive nothing at all. Read more @ investopedia